SOMFY - Annual financial report 2019

08 PARENT COMPANY FINANCIAL STATEMENTS

SHAREHOLDERS’ EQUITY NOTE 10 — STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY NOTE 10.1

Balance at 31/12/18 before allocation

Allocation of net profit 31/12/18

2019 movements

Balance at 31/12/19 before allocation

Proposed allocation of 2019 net profit

Balance at 31/12/19 after allocation

of net profit 7,400 1,866 5,929

of net profit 7,400 1,866 5,929

of net profit 7,400 1,866 5,929

€ thousands Share capital Share premium

– – – – –

– – – – –

– – – – –

Revaluation reserve

Legal reserve

740

740

740

Regulated reserves

–

–

–

Other reserves

473,304

49,896 -3,455

– 523,200 61,344 (1)

584,544 (1)

Retained earnings

3,455

3,706

3,706

-3,706

– – –

Net profit

98,241

-98,241 114,988 114,988 -114,988

Regulated provisions

–

–

–

–

–

590,934

-51,800 118,694 657,828 -57,350 (1)

600,478 (1)

The €3.7 million change in 2019 “Retained earnings” corresponds to dividends not paid to treasury shares.

COMPOSITION OF SHARE CAPITAL NOTE 10.2

Euros

Number of shares

Par value

Shares – At the start of the year At the end of the year

37,000,000 37,000,000

0.2 0.2

Convertible bonds and similar securities –

–

–

TREASURY SHARES NOTE 10.3

€ thousands

31/12/18

Increase

Decrease Transfer 31/12/19

Stock options and free shares

€ thousands

50,079

– –

-731

– 49,348 – 1,387,241

number

1,417,660

-30,419 -3,023 -41,663

Liquidity contract

€ thousands

1,119

2,552

– –

648

number

17,403

31,896

7,636

Shares retained for potential acquisitions

€ thousands

48,056

–

–

– 48,056

number

1,221,770

– – –

– – –

– 1,221,770

Treasury shares

€ thousands

– –

– –

– –

number

€ thousands

99,254

2,552

-3,754 -72,082

– 98,052 – 2,616,647

TOTAL TREASURY SHARES

number

2,656,833

31,896

See information on this subject in the press release of 7 April 2020 in chapter 10 Recent events since 2 March 2020. (1)

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SOMFY – ANNUAL FINANCIAL REPORT 2019